The pair remained in red figures on Friday. Sellers lowered the price below 1.1200. The resistance is seen at 1.1200, the support stands at 1.1130.
If the price breaks the level 1.1130 the pair will fall to 1.1070. Now we expect a bullish correction towards 1.1200.
The pound sharply decreased on Friday. The price went through 1.3200, 1.3100 and snapped 1.3000. The current resistance is seen at 1.3100, the support lies at 1.3000.
The overall tone is bearish. Sellers will try to push the price lower. Their next target is the level 1.2900. We believe the pound will roll back towards 1.3100.
The USD/JPY remained unmoved as traders waited for new drivers. The pair is in a consolidation range, close to its upper limit. The resistance is at 102.50, the support comes in at 101.40.
If the USD/JPY does make breakout of the level 102.50 the price will grow to 103.50. A downtrend will start as soon, as the pair drops below support level 101.40.
Read the full review on our site:
Only from November 02nd, 2020, to January 04th, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]
Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! 🏆 Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts 📍 How to get the bonus: 1) Register an […]